Scotiabank
Closing Price
DATE
S&P/TSX ($) Scotiabank ($)
1/1/2020
17,318.49
72.28
2/1/2020
16,263.05
70.22
3/1/2020
13,378.75
57.47
4/1/2020
14,780.74
55.8
5/1/2020
15,192.83
55.17
6/1/2020
15,515.22
56.18
7/1/2020
16,169.20
55.01
8/1/2020
16,514.44
56.37
9/1/2020
16,121.38
55.32
10/1/2020
15,580.64
55.35
11/1/2020
17,190.25
63.2
12/1/2020
17,433.36
68.8
1/1/2021
17,337.02
68.2
2/1/2021
18,060.26
74.4
3/1/2021
18,700.67
78.62
4/1/2021
19,108.33
78.27
5/1/2021
19,730.99
81.21
6/1/2021
20,165.58
80.62
7/1/2021
20,287.80
77.87
8/1/2021
20,582.94
78.15
9/1/2021
20,070.25
77.96
10/1/2021
21,037.07
81.14
11/1/2021
20,659.99
79.78
12/1/2021
21,222.84
89.55
1/1/2022
21,098.29
91.56
2/1/2022
21,126.36
91.85
3/1/2022
21,890.16
89.6
4/1/2022
20,762.00
81.35
5/1/2022
20,729.34
85.78
6/1/2022
18,861.36
76.03
7/1/2022
19,692.92
78.01
8/1/2022
19,330.81
72.62
9/1/2022
18,444.22
65.7
10/1/2022
19,426.14
65.85
11/1/2022
20,453.26
70.18
12/1/2022
19,384.92
66.34
1/1/2023
20,767.38
72.03
2/1/2023
20,221.19
67.57
3/1/2023
20,099.89
68.07
4/1/2023
20,636.54
67.63
5/1/2023
19,572.24
65.59
6/1/2023
20,155.29
66.28
7/1/2023
20,626.64
66.4
8/1/2023
20,292.62
64.12
9/1/2023
19,541.27
60.88
10/1/2023
18,873.47
56.15
11/1/2023
20,236.29
60.7
12/1/2023
20,958.44
64.5
Returns, percent
S&P/TSX
Scotiabank
Standard Deviation S&P/TSX Index Returns
Standard Deviation Company Returns
Correlation of TSX and Company Returns
Beta
Risk-Free Rate
Market Risk Premium
Expected Rate of Return
-6.09%
-17.73%
10.48%
2.79%
2.12%
4.22%
2.14%
-2.38%
-3.35%
10.33%
1.41%
-0.55%
4.17%
3.55%
2.18%
3.26%
2.20%
0.61%
1.45%
-2.50%
4.82%
-1.80%
2.72%
-0.59%
0.13%
3.62%
-5.15%
-0.16%
-9%
4.40%
-1.83%
-4.59%
5.32%
5.29%
-5.22%
7.13%
-2.63%
-0.60%
2.67%
-5.16%
2.98%
2.34%
-1.62%
-3.70%
-3.42%
7.22%
3.57%
5.00%
6.18%
0.703
0.8694
4.89%
7%
10.98%
-3.65%
-18.16%
-2.91%
-1.13%
1.83%
-2.08%
2.47%
-1.86%
0.05%
14.18%
8.86%
-0.87%
9.09%
5.67%
-0.45%
3.76%
-0.73%
-3.41%
0.36%
-0.24%
4.08%
-1.68%
12.25%
2.24%
0.32%
-2.45%
-9.21%
5.45%
-11.37%
2.60%
-6.91%
9.53%
0.23%
6.58%
-5.47%
8.58%
-6.19%
0.74%
-0.65%
-3.02%
1.05%
0.18%
-3.43%
-5.05%
-7.77%
8.10%
6.26%
Source for S&P/TSX Index Price Data:
CA.INVESTING.COM
Source for Company Price Data:
CA.INVESTING.COM
Formula for returns:
(P1-P0)/P0
Sample return calculation:
(70.22-72.28)/72.28
29-12-2023
0.049972118
0.061771785
0.703349097
0.869427409
Bank of Canada
r=rf+beta(MRP)
4.89+0.8694(7)
GRAPH
Scotiabank vs S&P/TSX Returns on Market Returns
20.00%
15.00%
10.00%
S&P/TSX
5.00%
-20.00%
-15.00%
-10.00%
-5.00%
0.00%
0.00%
-5.00%
-10.00%
-15.00%
Scotiabank
-20.00%
5.00%
10.00%
15.00%